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Toshiba (LSE:TOS) Cyclically Adjusted Price-to-FCF : (As of Jun. 06, 2024)


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What is Toshiba Cyclically Adjusted Price-to-FCF?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted Price-to-FCF for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toshiba Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Toshiba's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Toshiba Cyclically Adjusted Price-to-FCF Chart

Toshiba Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Cyclically Adjusted Price-to-FCF
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Toshiba Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Toshiba's Cyclically Adjusted Price-to-FCF

For the Conglomerates subindustry, Toshiba's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Toshiba's Cyclically Adjusted Price-to-FCF Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Toshiba's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Toshiba's Cyclically Adjusted Price-to-FCF falls into.



Toshiba Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Toshiba's Cyclically Adjusted FCF per Share for the quarter that ended in Sep. 2023 is calculated as:

For example, Toshiba's adjusted Free Cash Flow per Share data for the three months ended in Sep. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=11.053/106.2000*106.2000
=11.053

Current CPI (Sep. 2023) = 106.2000.

Toshiba Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201312 9.718 95.600 10.796
201403 32.555 95.700 36.127
201406 -9.986 98.000 -10.822
201409 -26.331 98.500 -28.389
201412 9.568 97.900 10.379
201503 36.798 97.900 39.918
201506 -22.576 98.400 -24.366
201509 -30.444 98.500 -32.824
201512 -12.059 98.100 -13.055
201603 -4.038 97.900 -4.380
201606 -22.785 98.100 -24.666
201609 -16.316 98.000 -17.681
201612 12.605 98.400 13.604
201703 15.499 98.100 16.779
201706 2.016 98.500 2.174
201709 -11.081 98.800 -11.911
201712 -112.081 99.400 -119.749
201803 82.764 99.200 88.604
201806 31.508 99.200 33.731
201809 -5.888 99.900 -6.259
201812 -35.907 99.700 -38.248
201903 7.128 99.700 7.593
201906 9.184 99.800 9.773
201909 -43.495 100.100 -46.146
201912 -25.862 100.500 -27.329
202003 -5.312 100.300 -5.624
202006 16.924 99.900 17.991
202009 -20.532 99.900 -21.827
202012 0.140 99.300 0.150
202103 4.883 99.900 5.191
202106 36.703 99.500 39.174
202109 -7.196 100.100 -7.635
202112 -11.742 100.100 -12.458
202203 10.265 101.100 10.783
202206 18.102 101.800 18.884
202209 -31.154 103.100 -32.091
202212 -24.736 104.100 -25.235
202303 10.760 104.400 10.946
202306 4.912 105.200 4.959
202309 11.053 106.200 11.053

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Toshiba  (LSE:TOS) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Toshiba Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Toshiba's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Toshiba (LSE:TOS) Business Description

Industry
Traded in Other Exchanges
Address
1-1, Shibaura 1-chome, Minato-ku, Tokyo, JPN, 105-8001
Founded in 1875, Toshiba is Japan's largest semiconductor manufacturer and its second-largest diversified industrial conglomerate. After the accounting scandal in 2015, Toshiba reorganized into six major segments: energy systems and solutions; infrastructure systems and solutions; building solutions; retail and printing solutions; storage and electronic devices solutions; and digital solutions. Toshiba is the second-largest manufacturer of NAND flash memory with a market share of 16.5% in 2017, and it concentrates business resources in this area.

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